By Experian Economics2019-02-26T06:00:00
Activity and new orders are losing momentum overall although the non-residential sector is holding up well
The total activity index lost a point over the past month and posted 56 in January, which still marks its fifth month in positive territory. R&M activity, however, decreased notably, as its index dropped to an all-time low of 29.
Despite two of the three activity indices losing some momentum, none of the three sectors showed any actual fall in activity. The residential index lost 10 points to settle at the no-growth bound of 50, while civil engineering also indicated a slow-down, dropping eight points to stand at 53. The non-residential sector was the only one to improve – its index rebounded by 14 points to 61.
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